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-came supplementary budget for this fiscal year as soon as possible to boost japan's economy. >> translator: considering the challenges japan faces in such areas as the economy and national security, we can't wait until the diet session to start working on launching the new administration. >> the policy chiefs of the ldp and new komeito will now start talk examining they'll formalize their agreement ahead of the diet session. >>> abe time time this morning for a telephone call with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a new government. he's made strengthening the japan-u.s. relationship a priority. we have more from washington. >> people in the obama administration place a high priority on stability in the asia-pacific. they have been troubled by increase in tension between japan and china over which country owns the islands in the east china sea. and they're concerned the conflicting flames allowed to fester, it could unsettle the dynamic in the region. they want to see security policies and sop
. but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if they go ahead with the launch. >> we will be prepared to work with our partners, including at the united nations security council, to respond in a swift, effective, and credible manner. >> davies said the u.s. could strengthen sanctions. he said existing penalties have already hampered north korea's nuclear program. davies has been holding discussions with his counterparts from china, as well japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the country. before the first test in april, officials
"newsline." shinzo abe is getting down to the business of governing japan for the second time. he says his new cabinet is taking all the challenges the country faces, including a sluggish economy and last year's disaster. abe explained in his news conference his cabinet is designed to overcome the crisis. he says reviving the economy is a top priority. >> translator: a strong economy is the basis of japan's power. reviving a strong economy is essential to japan's future. my cabinet will carry out bold financial policies, well-timed fiscal policies and a strategy to encourage private investment toward economic growth. my cabinet will carry out these economic policies and achieve results. >> are prime minister abe says he and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is t
election. two parties, the democratic party of japan and the liberal democratic party, have dominated japanese politics for years. their leaders started off in a place that has been the subject of countless debates. >> translator: this election is about reviving japan, so i wanted to start my campaign here in fukushima. i want to make a new start for japan in the belief that there will be no revival for japan without the recovery of fukushima. this election is about whether we can move forward with what we have to do or turn back the clock and return to the politics of old. >> translator: i will bring the economy out of deflation, correct the high yen, lead economic growth, enrich people's lives, and recover an economy where young people don't have to worry about finding jobs. i'll strengthen social security and will promote the reconstruction of the disaster-hit northeast. we'll aim to take back power by winning a majority along with the new komeito party. >> candidates from the following parties are also running -- tomorrow party, new komeito, restoration party, japanese communist p
. japanese have woken up to something old and something new. the liberal democrats have ruled japan for decades. they spent the past three years in opposition. the lbp have won a strong mandate in the election for loretta house. the liberal democrats have long worked together with their partners in new komeito. they won 294 new seats, the new komeito, 31. together it gives them a two-thirds majority of the 300 ldps. prime minister of japan took back the leadership. all those seats will allow the ldp to push through their policies. even if the upper house rejects a bill, a vote by two-thirds of the lower house lawmakers can override that decision. the election ends three years in power for the democrats. the dpj had 230 seats coming into the vote. they held on to just 57. the restoration party won just 54 seats. they want to earn an alternative to the established parties. they are anxious to get back to the role they've held almost continuously since the 1950s. they talk about the ldp's policy plans and what this victory means. >> translator: it's not that voters are coming back to p
. >> japan's prime minister wastes no time on calling on the bank of japan to recognize support after a land slide win returning the dlp to power. >>> get a little, give a little, house speaker john boehner may be willing to raise taxes on the wealthy if president obama allows entitlement cuts in return. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, p
avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it's a five-month high. the manufacturing pmi, 46.1. the manufacturing all told, 46.3. that's a bit under the poll of 46.6. with more on the reaction to these figures, we have rob doddson with us. rob, welcome. it appears ta stronger services may be weaker on the manufacturing relative to expectations, at least, b
france's foreign minister calls time. japan's conservative party returns to power crushing its opponents. and the web site which reveals just how heavily london was bombed in world war ii. thank you for joining us. heavily-armed police have evacuated a church where mourners had gathered in at the wake of the u.s. school shooting. president barack obama is preparing to travel to midtown -- to newtown to console the families of the victims that include 20 children. john, what do we actually know right now about this threat? >> i am not sure that i would make all that much of it. i am afraid to say that bomb threats are a way of life in this country when there is a major and national story on. people tend to take it upon themselves to do this kind of thing. nonetheless, this is the catholic church behind me and there was a service going on on sunday morning when the world's media count out outside, including al jazeera english, so people running out looking quite frightened. we're told there was a bomb threat. we have pictures of this. you can see from these pictures the police an
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
in 2013. >> in the dying days of 2012 it looks like japan pose a new leader has injected a local, at least financially. he's had his first day as the new prime minister. abe has been talking about reviving the economy and investors are still a little more optimistic. the nikkei average has climbed to a 21 month high. that's against the u.s. dollar. good for japanese exporters. a former adviser to the japanese foreign ministry says that abe will have a tough time fixing the economy because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety
seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to and we read them on the air. and we read all of them, by the way. i've got news, clearwire selling itself to sprint for $2.97 a share and sprint raised its offer by 7 cents. some clearwire shareholders wanted and expected more. that stock is down. sprint is up, it's getting what people consider a good deal, at least that's what the market is saying. it's up what, 4 cents, not much. aig selling the re
. >>> and japan's finance minister is saying other companies have no right to lecture japan on its currency policy instead calling for the u.s. to seek a strong dollar. >>> okay. welcome back to "worldwide exchange" this morning. let's take a quick check on trade as we close out the last full trading week of the year. not even a full week, but just one of the last trading weeks of the year. >> monday seems so far away. >> it's just kind of sticking out there, the 24th and 31st. european markets were closed for boxing day week. got back into trade yesterday. sort of a mixed bag across the board. u.s. markets were weaker and this morning europe is following the u.s. down that path. the ftse just a little bit lower. the xetra dax down by .1%. the cac 40 which was one of the strong performers yesterday giving up some of its gains. the ibex 35 underperforming. >> the penny stock not worth a whole lot so you have to take that into consideration. but yeah, drifting lower on the bond markets. today we have this italian debt auction which would be interesting. we've got rome offering somewhere in 2 to 3 bi
s a tsunami warning in japan, still recovering from the disaster 20 months ago. >> new hope for people who feared the flood waters in the neighborhood. >> delays expected on metro this weekend. "good morning washington" begins right now. captioned by the national captioning institute live and in hd, this is "good morning washington," on your side. >> rise and shine. good morning. happy friday. i am pamela brown in today or cynne simpson. >> i am steve chenevey. let's get to jacqui. >> it is better than yesterday morning. that is the good news. the bad news is that the clouds are back. we had some spotty showers out there. they are all very light. they are not in the metro. there is a chance we will see them in the mid to late morning hours. they return again. we will have a lot of ups and downs. we're talking about ups andwe have lots of clouds. today, not so much tomorrow, but into the rest of the weekend, on and off showers. a lot of back-and-forth. our express forecast -- cloudy with a spring shower at 9:00, cloudy skies at noon, and a chance of showers
birth rate similar to what japan experienced. are we headed that way. keith fitz-gerald, a resident of both countries, america and japan, we'll get his assessment on that. and please, we want to hear from you, e-mail us at tell us exactly what you think and what we talk about. monday morning, seven early movers, apple s rolling the iphone five out worldwide and hits china december 14th. 50 countries will get it and the stock is almost back to 600. dell, goldman sachs upgrade today a buy from a cell. $13 is the price target. it is up today. myriad genetics, the supreme court agrees to hear a case whether genes could be patented. if so, a boost for the company. if you can patent them up goes the stock, but today it's down. delta airlines is in talks to buy 49% of virgin airlines from singapore airlines. and maker of the ugg boots, they're out with positive comments on the stock, sets a $65 price target and it's at 41 and rising. and some soamazon, billions ord on-line. and disappointing results for the well in the gulf of mexico, down it goes. t dow industrial
to power after winning a landslide victory in their parliamentary election. they had ruled japan for 50 years before they were expelled. their forecast to win two- thirds of seats in parliament. >> as the results come in, japanese politics are shifting to the right, bringing this man, a former prime minister, back into the spotlight. expected to become his country's eighth prime minister in five years, the conservative party is predicted to take two- thirds of the seats in the lower house. >> we came back to the party. also, i am at a point of the old party with a tradition. >> for many voters across the japan, it was the state of the economy that influenced them. >> restoring the economy is the most important issue. the ldp can be trusted to do that. >> this woman also voted ldp. this country must -- >> this country must stand up for itself and be strong. >> this election is a dramatic defeat for the prime minister, who announced his resignation with his democratic party of japan likely to lose two-thirds of their seats. emerging as a major force in national politics, the outspoken nat
between the kurds centers on land and oil rights. now to japan where the prime minister designate is taking a tough line after his victory at the polls saying there can be no compromise over the island is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major d
morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake we have felt in tokyo this year. to give you an idea of the intensity, in japan, they have a one to seven scale. this was about a five. it's a very strong quake, felt all the way out here. the big concern right now is the possibility of a tsunami along the northeast coast of japan. that is the same area that was devastated last year during 2011. right now, we have not seen any reports of tsunami waves just yet. the meteorological agency here has forecast waves about three feet high to hit the miyagi prefecture. we've not gotten any reports of a tsunami. but all of those cities along th
>>> breaking right now, a major earthquake hits japan. >> a tsunami warning issued. severe shaking in the same area that was devastated by that tsunami back in 2011. we are live in tokyo with the very latest. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake
. erbe will be a clear win in japan. however big will the lead be and what influence tell have on the bank of japan. dollar and yen pressured by more q.e. talk. and aussillar three-month high. the prospect of q.e. boosting commodityets. canadian doing well. firm at 1.6122. we have more on the asian trading day out of singapore. >> reporter: hi, thank you, ross. most asian markets finished on a bright note. the shanghai composite recouped morning losses in positive territory. property stocks turned higher in the afternoon. stocks also rallied while investors await beijing's detailed plan on urban development. strengthening main line blue chips pushed the hang seng to a 16-month high. developers, industrials, and gaming stocks among the top gamers today. >>> in japan the country's october machinery orders not rebounding as strongly as expected. investors were still in the buying mood ahead of this sunday's election. the nikkei ended near an eight-month closing high with exporters rallying on the weaker yen. south korea's kospi gained ground despite north korea's rocket launch. au
that you have family in japan. have you been able to talk to them at all and are they okay. >> that's right. i have my parents and aunt and uncle are stationed in japan at military bases. i was able to talk to my mother. they didn't feel the quake. they're too far south but i have an aunt and uncle in tokyo. thanks to social media i was able to see that they were okay and again, like i said it's a dramatic difference from last year when i was working a newscast and wasn't able to get ahold of my family. i'm happy this time around that everyone is okay. >> okay, cate thankings. >>> it is 6:02, a cold ask foggy start to the morning. let's look at weather and traffic. >> lawrence karnow with our weekend forecast. >>> and the weekend is looking good. it is chilly out there. fog developing, dense fog in some of the valleys down to a quarter mile. and down to a mile in s&l rose and livermore. -- santa rosa and livermore. last weekend very very stormy. this weekend just the sit. clear over the bays but those temperatures are chilly in spots. grab your jacket if you're headed out the door. 37 degre
.3 earthquake strikes japan's northeast coast. tsunami warnings have been issued. job growth in the u.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and w
for you coming up. >>> a tsunami hits the coast of japan after a strong earthquake. how that warning stands right now. >>> we're live in san jose where a fire broke out at two popular restaurants. we'll tell you how bad the damage is. >>> plus 71 years since the attack on pearl harbor. the historic structure coming back to life today in honor of that deadly attack. all ahead on the ktvu morning news. >>> good morning, to you am brand new day a pam cook day it's a friday it is december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us on this friday morning. we get to sleep in tomorrow. that is nice. and look who is here rosemary orozco is in for steve. i hear we are going to get maybe some sun this weekend? >> yes we are looking really good. maybe for golf and holiday shopping. i would say make your plans. we want to be outdoors this weekend. it will be dry. our temperatures will be above average for december. and today the last business day of the week i should say not bad at all. we have mild conditions for your afternoon. this morning a little bit of patchy fog an
live to japan straight ahead. >>> plus talk about your deadlines. today we are seven days from congress going on holiday and 25 days from plunging off the edge of the fiscal cliff. >>> the "new york post" photographer who took the picture of the man in the subway tracks before he was hit sits down to tell his side of the story. we'll hear from him this hour on cnn. good morning, welcome to "early start." i'm christine romans. >> and i'm zoraida sambolin. it is 5:00 a.m. in the east. breaking new's massive earthquake in japan. it happened off the coast of japan, about 300 miles northeast of tokyo you can see on the tower cam that we are going to buildings swayed for several minutes there. let's go to alex zolbert live in tokyo what can you tell us? >> this happened friday evening b an hour and a half ago. an unnerving scene. a 7.3 magnitude earthquake. as we understand it, this came along the same fault line that triggered that massive tsunami in march of 2011. we have been watching all the local stations, trying to gather all the information we can. here's what we know at this point in
revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of capital gains income and you get 20% more tax revenue. >> you don't, because people decide to shelter it. they do their transactions the year before, when the amount is less. and so, all of these numbers that the white ho
strong quake that went on for about 90 seconds. >> major earthquake rocks northeast japan. >> the quake measured 7.3, centered in the pacific ocean. >> in the same area that suffered severe damage from a powerful quake and tsunami last year. >> the quake shook buildings as far as tokyo. >> fortunately, no major damage or injuries. >>> this morning the labor department says 146,000 jobs were added in november and unemployment fell to 7.7%. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a s
of "thunderbirds," has died at the age of 83. japan's new prime minister, shinzo abe, has named his cabinet. on foreign policy, he emphasized the importance of japan posting relationship with united states. relationship with united states. >> i spoke to president obama on the telephone the other day. we have agreed to work to rebuild our relationship. i acknowledge before stepping reinforcing our relations with the u.s. is our priority. as prime minister, i must protect our citizens lives with determination. right now, are fearful -- airforce are protecting our sea and sky around the island. japan's security is not someone else's program. it is the crisis we have on our hands. >> this is "bbc world news." mohamad morsi has welcomed the vote in favor of a new constitution and he has called on those who opposed it to join in a national dialogue. another army massacre in syria as another person the facts. seeing the army has deviated from protecting the nation. a fire has destroyed a fireworks or house in nigeria. it killed at least one person and injured many more. it quickly spread to other
at this headline. a land without guns. how japan has virtually eliminated shootings. in part by forbidding almost all forms of firearm ownership japan has as few as two gun-related homicides a year. i understand -- oh, we can't do that here! >> there are too many guns out to there to confiscate. >> stephanie: a friend of mine said bad people are always going to get -- [ buzzer ] where are the guns in japan? >> every country has bad people. every country has sociopaths. every country has people that want to kill other people. >> stephanie: the president's right. we can't tolerate we have more freedom. really? this is the price of freedom? how many zillion times more than the next country? >> kids get killed in elementary school? >> stephanie: in first grade. >> gun people have their rights so that kids can have their rights and lives taken away. >> stephanie: i'm just saying -- i'm not saying we're going to ban all guns like japan but do you think there's some connection that there's two deaths a year in japan from guns.
of japan after a strong earthquake. how that warning stands right now. >>> and more financial hardship expected for city college of san francisco. we'll tell you why and how students will be effected. >>> plus locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way towar
, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. to have that large player virtually shut in a recession would be bad news for the rest of the world. we do not think that's at the moment. we do not want to have this effect on a french our recovery. >> what would your message be to members of both parties on capitol hill and to the white house? >> i would say focus on the real issues. the real issues are the united states and its leadership role in the world. the u.s. has an economic leadership in the world. to protect that and make sure that that leadership in tourist, the uncertainty has to be removed. if you are speaking from a strong position because you have dealt with your own issues, then you can advise, help, and encourage. but if you speak from a week position, it is more difficult. >> you have warned about the risks of playing political games with the fiscal cliff. what did you mean? >> what i'm advocating is -- please try to take a higher
in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering. the hsbc pmi, a private gauge of manufacturing, and the government's official pmi, both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for
the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sector capped the up side. in japan, down beat manufacturing data spurred profit taking on exporters, but sharp shares gained on a deal with qualcomm. more on that coming up from tokyo. south korea kospi also lost a quarter of a percent today. heavy weight cost company underperformed as investors fear the possible bi
commodity. it could be exchanged for silk in india and the silk exchanged for swords in japan, and those swords would be sold back in england and the whole thing would start again. so the ex-peasant who is now running the show on a small plot of land handed over to him by the landlord would be an entrepreneur. effectively, he borrowed money from the landlord in order to pay for three things. rent of the land, wages in the form of corn, to the ex- peasants who are now wandering in the countryside knocking on doors because they don't have direct access to land, and some machinery, shears for clipping wool. so land, labor, and capital could be purchased in advance of production, on the basis that the entrepreneur, ex- peasant has to the landlord. -- on the basis of the debt that the entrepreneur, ex-peasant house to the landlord. so debt comes first, then comes distribution of income in the form of a labor contract. it will work for so many hours and i will give you so much corn. then comes production. it was a combination of this reversal of the order from having production followed by a d
the side of the mountain in almost every major country in the world, whether it's japan, china, europe is now pressing on the accelerator, brazil, even india, the united states. i think when you look at the monetary stimulus that's taking place around the world, the uncertainty over the cliff will go away. i think we'll grow better than 4% nominal and might grow 3% to 4% real in the united states and multiple expansion would clearly take place under that scenario, so i think it's hard to get to bearish, particularly when the stock market is not giving us any signs of meaningful deterioration, you know, whether you look at the technical indicators or fundamental indicators. >> a great point. bill stone, you know, rimm stock has done so well just in the last several weeks. we're still expecting a loss for the quarter on 2.66 billion in revenue, but do you own this stock? would you buy rimm? would you look to buy technology going into 2013? >> we don't own the stock. i will say i am a product user. i love rimm because i love that keyboard. i can't get rid of it. >> right. >> i don't reall
.3 magnitude quake hitting off japan in an area that does not neat incidents like these. new video buildings swaying and sirens wailing and men and women, children running for higher ground. a reminder of the massive quake and deadly tsunami hit the same area just about a year and a half ago. we'll drill down on that. good morning as we follow up as the earth started to shake earlier today. i'm bill hemmer. welcome to friday. martha: good morning everybody. i'm martha maccallum. last year's tsunami killed and left missing some 19,000 people. as you remember those unbelievable images we saw of the coast which was devstated. it also damaged nuclear power plants and created one of the worst nuclear disasters we've seen in history. bill: we held onto the story for a long time. japan today has canceled the tsunami warning which may be the best bit of news we heard so far. terrifying reminder may not be dismissed. david pipe every streams live out of southeast asia. what is the damage report in japan, david? >> reporter: bill, thankfully there hasn't been any serious damage reports. also no deaths
a look outside from our mount tam cam. >> will begin this morning with news out of japan were strong earthquake jolted the northeastern part of the country. a 7.3 magnitude earthquake struck in the pacific ocean around 5:18 p.m. local time. that is around midnight here in san francisco. the u. s g s says the are quick stroke about 200 mi. off the coast of japan. the epicenter was about 6 mi. beneath the seabed. buildings in tokyo's way for several minutes. there were reports of at least two people injured. >> pish japan's real logical at sea has with it is not rewarded for the country's northeastern coast. according to the sun on the information center. a destructive pacific wise and non is not expected. the quick off the coast of north is in japan is the same region but was hit by the masses are quick as a nominee in march to about 11. >> for the after known mostly sunny conditions slightly warmer highs in yesterday's. partly cloudy and cool into the evening hours. taking a look at current visibility down about 1/2 mile in santa rosa. over the course of a mile in napa. >> taking a l
cac up 11%. thailand up 43%. japan up 6%. year to date, the usa is up over 12%. that ain't bad. let's bring in our pal, jim iuor iuorio. you know, jim, it's turning out to be a very good year and it's turning out to be a very good year on a global basis. >> no doubt about it. but let's break it down. japan's stock market has rallied huge because of promise of liquidity injections and doveishness. the same thing can be said for europe and for the u.s. around the globe, everyone's squeezing interest rates and forcing money to seek yield wherever it can. it could have followthrough in japan. europe has run kind of far -- the market has chosen to believe that europe's problems are somewhat behind us. i don't really share that philosophy. but i think this move is interesting. >> but the european financial risk fear indicators look great. in fact, these financial indicators look great worldwide. i agree with you trat central banks are greasing the wheels. but in a very gloomy world, a very gloomy psychology where the worst case becomes the most talked-about case, at some point don't the m
that a budget deal is closer. in asia, japan's nikkei rising above the 10,000 mark, wow, the first time in more than eight months. still a ways from 50,000. among the catalysts, expectations of more aggressive monetary stimulus from the bank of japan. the boj wraps up a two-day meeting with a policy announcement tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s
.3 magnitude earthquake in japan. the quake striking off the northeastern coast but felt as far away as tokyo. japanese authorities say no problems are detoebgted at the nuclear power plants closes to the epicenter. it triggered a three foot tsunami in the same area devastated in last year's disaster. no deaths reported. more on this story out of japan coming up in a live report. jenna: right now brand-new stories and breaking news. jon: house speaker john boehner coming out on top. what was the intra party skirmish all about? we have the answers. a big seat to fill, they call him the king maker. conservative senator jim demint calling it quits who. will step in and what the change will mean for the next congress. if you're looking for an out of this world vacation, yes, you can have it literally, a trip to the moon for two, we are guessing it is all-inclusive, the whole story and the stunning price tag, all "happening now." good morning to you on this friday, the jobs numbers are in for november. i'm jon scott help the. >> reporter: i'm heather wheuld dreshelp the heather childress in nor je
, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile. we do not want to have this knock on affect on the fragile recovery. >> what would your message be to members of both parties on capitol hill as their negotiating? >> i would say focus on the real issue. the real issues for me are the supremacy of the united states and its leadership role in the world. the u.s. has an economic leadership in the world. it is a safe haven. to make sure -- the uncertainty has to be removed. if you have dealt with your own issues, and then you can help and advise, and then you can encourage. if you speak from a weak position, it is more difficult. >> you have warned about the risks of political games. what did you mean? >> please try to take a higher view and look at the broader hori
more competitive. meanwhile, the bank of japan was debating measures to -- joining us now, allen capper is with us around this table. when we talk about the yen, how important is this weakness? and do you expect this trade to be for 2013? >> i think this is probably the single most important thing the europeans ought to be watching. it's clear that the change in japanese policy, if by the time we get to q4 next year, you will see stronger japanese numbers, there would be a stronger temptation to carry out much more massive qe and fiscal stimulus. it's too early to say, but i think we need to watch japan carefully. >> currency wars is what ur use saying. >> absolutely. and i like his idea about fiscal stimulus through official use of the funds. it's a very interesting strategy. >> ur r it seems to me the next level of this is you have to bloef the government can achieve this. how are they going to be able to shake off inflation? >> the key look is to acknowledge that inflation is not the problem. when you talk to investors good qe, they're concerned about the inflationary impact. my mind
were involved in relief operations in areas around the plant. japan piece in the government says it whalers are heading out to the sea but only carrying out research. the main group departed on the annual hunt in the southern ocean surrounding antarctica. japan introduced scientific whaling to avoid a commercial willing than under a 1986 moratorium. a man and australia survived being mauled by a shark. he was serving in new south wales. he lost a finger and chunk of his five. putting on a brave face for the cameras but shark attacks are unusual this time of year. >> the dolphins swimming all around him and all of the sudden the sharp just comes up and took for the chunks out of him and then he'd actually put the nose of the board into the bull shark's head. >> did a marvelous job. >> the chinese government has approved a law forcing internet users to use their real names. china says the new rules will help prevent rumors from spreading and clamp down on corruption. but on-line freedom advocates say the policy is intended to stifle dissent. robert bride is in hong kong and send th
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
from japan just ahead. good morning and welcome to "news 4 today." i'm eun yang. >> and i'm richard jordan. december's off to an up and down start. we had warm temperatures earlier. now things cooled down. now we're heading back up. temperatures are warming up this morning. it looks like we're going to get even a bigger warmup for the weekend. big, big change coming your way for our saturday. today we're going to be stuck with the cloudiness and chilliness. not quite as cold as yesterday. yesterday we topped out in the mid-40s. today we're going to get upper 40s and low 50s. a little bit milder today. you're really going to notice the change on your saturday. temperatures tomorrow afternoon. low, perhaps even mid-60s, for a lucky few. it's a chilly and kind of a wet friday morning. temperatures in the upper 30s and low 40s right now. as you get ready to send the kiddos on out to the bus stops, prepare them for a little light rain. temperatures mid and upper 30s. could be quite chilly indeed. northern frederick county, maryland, out towards frederick county, virginia. winchester and
. a strong earthquake rocking japan. the usgs saying it was a 7.4 magnitude quake. a tsunami warning was issued and it could be as high as two yards. so far there is no word on any major damage. videos show buildings in tokyo swaying for at least several minutes. you may remember the massive earthquake last year in japan. this tremor is not expected to produce those kind of widespread tsunamis. again, a 7.4 magnitude quake striking off the coast of japan has triggered a tsunami alert, but at this point there is no word on any damage. stay with fox newschannel for the latest on this developing story. now back to "red eye" already in progress. >> lightning roouuuuuuuuuunnnd d lightning round. >> will you join me in urging everyone to boycott the grammies because of this? >> scooter said it better than i could. the kid delivered. give it a break. also who cares? the beatles and led-zeplin were not raking in the grammies. some people are just not understood. >> that's true. he is like our van gogh. >> how many did velvet underground and niko win? do you have to cutoff your ear to become
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